You are given the following supply and demand equations:
Q_D = 100 − 2P Q_S = 10 + P
a. What will be the quantity demanded at a price of $40?
b. What will be the quantity supplied at the price of $30?
c. What is the equilibrium price and equilibrium quantity?

Question

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The Answer of You are given the following supply and demand equations: Q_D = 100 − 2P Q_S = 10 + P a. What will be the quantity demanded at a price of $40? b. What will be the quantity supplied at the price of $30? c. What is the equilibrium price and equilibrium quantity?

You Are Given the Following Supply and Demand Equations